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Essays on the Diffusion of State Cor...

Munch, Steven John.

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Essays on the Diffusion of State Corporate Law.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on the Diffusion of State Corporate Law./
Author:	Munch, Steven John.
Description:	222 p.
Notes:	Source: Dissertation Abstracts International, Volume: 76-10(E), Section: A.
Contained By:	Dissertation Abstracts International76-10A(E).
Subject:	Public policy. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3705321
ISBN:	9781321782363

Essays on the Diffusion of State Corporate Law.
Munch, Steven John.

Essays on the Diffusion of State Corporate Law. - 222 p.

Source: Dissertation Abstracts International, Volume: 76-10(E), Section: A.

Thesis (Ph.D.)--Northwestern University, 2015.

This dissertation investigates how different social processes influence the development and diffusion of state corporate laws. Prior legal scholarship in this area has considered how state competition and interest group politics affect policymaking. But this dissertation goes further. Drawing on the extensive social science literature on diffusion, it explores how other forces, including imitation, learning, and editing, may influence the spread and shape of state corporate laws. Chapter 1 provides an overview of the general operation and history of state corporate law, as well as a summary of the different perspectives on its development. Chapter 2 uses event history analysis to assess if competition, learning, and imitation affected the wide diffusion of thirteen different, notable state corporate law innovations between 1963 and 2010. I find some scattered evidence that states may engage in learning or imitation as they consider new corporate reforms. Then, in Chapter 3, I review legislative materials, media accounts, and legal commentary to further reveal why one state corporate law---the limited liability charter amendment statute---diffused widely and rapidly as a response to the D&O insurance crisis of the 1980s. The final chapter considers why states take different approaches to implementing the same general law. Specifically, Chapter 4 examines how states adopt a model version of a benefit corporation statute, a popular new social enterprise standard. There, I use ordinary least squares regression to show how different factors, including timing, past use of uniform laws, and political dynamics, may influence the extent to which states "edit" the model legislation upon adopting it.

ISBN: 9781321782363Subjects--Topical Terms:

532803
Public policy.

Essays on the Diffusion of State Corporate Law.
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245 1 0 $a Essays on the Diffusion of State Corporate Law.
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500 $a Source: Dissertation Abstracts International, Volume: 76-10(E), Section: A.
500 $a Adviser: Bruce G. Carruthers.
502 $a Thesis (Ph.D.)--Northwestern University, 2015.
520 $a This dissertation investigates how different social processes influence the development and diffusion of state corporate laws. Prior legal scholarship in this area has considered how state competition and interest group politics affect policymaking. But this dissertation goes further. Drawing on the extensive social science literature on diffusion, it explores how other forces, including imitation, learning, and editing, may influence the spread and shape of state corporate laws. Chapter 1 provides an overview of the general operation and history of state corporate law, as well as a summary of the different perspectives on its development. Chapter 2 uses event history analysis to assess if competition, learning, and imitation affected the wide diffusion of thirteen different, notable state corporate law innovations between 1963 and 2010. I find some scattered evidence that states may engage in learning or imitation as they consider new corporate reforms. Then, in Chapter 3, I review legislative materials, media accounts, and legal commentary to further reveal why one state corporate law---the limited liability charter amendment statute---diffused widely and rapidly as a response to the D&O insurance crisis of the 1980s. The final chapter considers why states take different approaches to implementing the same general law. Specifically, Chapter 4 examines how states adopt a model version of a benefit corporation statute, a popular new social enterprise standard. There, I use ordinary least squares regression to show how different factors, including timing, past use of uniform laws, and political dynamics, may influence the extent to which states "edit" the model legislation upon adopting it.
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